Can you predict the closing price of Bitcoin?

Lately, there has been a lot of talks whether Bitcoin is a bubble (about to burst) or not. The discussion is quite interesting, not only because there is potentially a lot of money involved, but also because it shows how our economic theories are primarily unclear and secondarily incomplete on concepts such as bubbles and cryptocurrencies. Irrespectively of the various views of the “real” value of Bitcoin, most agree that it is fueled by lots of speculation. That made me wonder, how well can crowdsourcing anticipate its movements?

I built the app below that will update with the daily closing prices and also show how successful or not yesterday’s predictions were. Apart from getting your forecasts, I would be interested to get your views about this in the comments.

Check again tomorrow to see what was the outcome on today’s closing price!
I provide here the latest tweets about bitcoin, to fuel your predictions!

#Blockchain. No it’s not #Bitcoin. But what to do w/healthcare? It would make all mgmt processes from inventory & chain supply to data collection more cost effective\accurate. With patient access growing, being able to protect that info in secure/private fashion is imperative.

#DAGO Mining has decided to produce the energy it will use for mining with solar thermal concentration photovoltaic and energy storage in an ecological way, which will give us the possibility of mining, even at night.
#greenmining #eth #btc #bitcoin